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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	11/29/2011 9:22:25 PM
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Bank of China, China Construction Bank Upgraded by Standard & Poor’s Corp. Bank of China Ltd. (3988) and China Construction Bank Corp. (939) were upgraded to A from A- and Industrial and Commercial Bank of China Ltd. (1398)’s rating was maintained at A by Standard & Poor’s, giving the Chinese lenders higher grades than most of their largest U.S. counterparts. bloomberg.com **** BofA, Goldman, Citi Credit Ratings Cut by S&P** Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. had long-term credit grades reduced to A- from A by Standard & Poor’s after the ratings firm revised criteria for dozens of the world’s biggest lenders. bloomberg.com

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